clear


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Clear

To settle a trade by the seller delivering securities and the buyer delivering funds in the proper form. A trade that does not clear is said to fail. Comparison of the details of a transaction between broker/dealers prior to settlement; final exchange of securities for cash on delivery.

Clear

To settle a transaction by the payment of the price and often the delivery of the goods. Because so many transactions occur at a given time, and because they may directly or indirectly involve a number of third parties, such as brokers, dealers, or specialists, clearing firms settle most transactions in exchange for a fee.

clear

To pay for securities delivered into an account and accept funds for securities delivered out of an account.

clear

Of or relating to a trade in which the seller delivers securities and the buyer delivers funds in the prescribed manner and on time. Compare fail. See also good delivery.
References in periodicals archive ?
7 : not blocked <a clear path> <a clear view>
The battle over Clear Skies has shaped up as a classic Washington tale of a creditable endeavor hopelessly mismanaged by its sponsor, demagogued by its opponents, and tainted from the start by the administration's well-earned reputation as handmaidens of industry.
Before clear language: All decisions about the dispensation of subsidies for outside education will be the prerogative of the president's office.
Single-portion trays of Dylark resins are competitive with PP at a cost of 6[-11[/tray, but use 25-30% less material, says Clear Pack.